Form Mi 1041 – Fill Out and Use This PDF

The MI-1041 form is an essential document for reporting fiduciary income tax in Michigan. It is used by estates and trusts to declare their annual income tax to the Michigan Department of Treasury, detailing earnings, deductions, and tax credits corresponding to the fiscal period. Effective filing ensures compliance with Michigan Public Act 281 of 1967, helping to avoid potential penalties and interest due to late or incorrect filings. To start your MI-1041 form in a hassle-free manner, consider clicking the button below.

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Form Mi 1041 PDF Details

The Michigan Department of Treasury provides a specific form for fiduciaries to file income tax returns for estates and trusts, known as the MI-1041 form. This detailed form, revised in September 2020, serves as the 2020 Michigan Fiduciary Income Tax Return. It operates under the authority of Public Act 281 of 1967, as amended, stressing the state's right to impose penalties and interest for failures to file accordingly. The form is divided into clear sections, accommodating various types of returns including amended and final versions, while requiring filers to use either blue or black ink for clarity. Part 1 focuses on identity and residency status details of the estate or trust, including the name and Federal Employer Identification Number (FEIN) along with the fiduciary's information. The subsequent sections delve into income and adjustments, referencing U.S. Form 1041 and specific schedules for Michigan adjustments. Tax, credits, and payments are calculated to determine any balance due or refund, with precise instructions for amended returns. Also included are stipulations for nonresident estates or trusts and requisite schedules for beneficiaries and distributed gains or losses. Despite its complexity, the form incorporates exhaustive instructions and requires accompanying documentation for adjustments and credits, demonstrating Michigan's structured approach to fiduciary income tax reporting.

Question	Answer
Form Name	Form Mi 1041
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	michigan form mi 1041, mi 1041 form, michigan form mi 1041 tax, mi form mi 1041

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	Michigan Department of Treasury (Rev. 09-20), Page 1 of 3	MI-1041
	2020 MICHIGAN Fiduciary Income Tax Return	MI-1041
	2020 MICHIGAN Fiduciary Income Tax Return

Issued under authority of Public Act 281 of 1967, as amended. Penalty and interest apply for failure to file (see instructions).

Type or print in blue or black ink.

Amended return

Final return

OFFICE USE ONLY

1. For 2020, or taxable year beginning

-2020 , and ending

MM-DD-2020

MM-DD-YYYY

PART 1: NAME AND IDENTIFICATION

2. Name of Estate or Trust					3. Federal Employer Identification Number (FEIN)

4a. Name of Fiduciary			4b. Title of Fiduciary		ESTATE INFORMATION

					5a. County

4c. Address of Fiduciary (Number, Street, or P.O. Box)					5b. Probate File No.

4d. City or Town			4e. State	4f. ZIP Code	5c. Date of Death (MM-DD-YYYY)

6. Residency Status of Estate or Trust					TRUST INFORMATION
	a. Resident Estate	c. Resident Trust	* If you check box “b”		TRUST INFORMATION
	a. Resident Estate	c. Resident Trust	* If you check box “b”
			or box “d,” you must		7. Date Trust Was Created (MM-DD-YYYY)
			complete and include		7. Date Trust Was Created (MM-DD-YYYY)
	b. Nonresident Estate *	d. Nonresident Trust *	complete and include
	b. Nonresident Estate *	d. Nonresident Trust *	MI-1041 Schedule NR.

PART 2: INCOME AND ADJUSTMENTS (Include a copy of your U.S. Form 1041 and supporting schedules.)

8.	Federal taxable income of fiduciary (from U.S. Form 1041, line 23 or U.S. Form 990-T)				8.
9.	Federal taxable income of Electing Small Business Trust (from Sec. 641(c) worksheet)				9.
10.	Fiduciary’s share of Michigan net adjustments (from Schedule 3, line 41, column C, or
	Schedule 1, line 39)				10.
11.	Capital gain or (loss) adjustment for resident estates or trusts (from MI-1041D, line 21)				11.
12.	Taxable income. Combine lines 8 through 11 or enter amount from MI-1041 Schedule NR, line 28.				12.
13.	Tax. Multiply line 12 by 4.25% (0.0425). If line 12 is a negative number, enter “0” on line 13 ...				13.
PART 3: CREDITS AND PAYMENTS			Amount
14.	Income tax paid to another state (include copy of return).	14a.		00	14b.
15.	Michigan Historic Preservation Tax Credit	15a.		00	15b.
16.	Total nonrefundable credits. Add 14b and 15b			16.
17.	Income tax. Subtract line 16 from line 13. If line 16 is greater than 13, enter “0”			17.
18.	............................................................Michigan Historic Preservation Tax Credit (refundable).				18.
19.	Income tax withheld (include MI-1041 Schedule W)				19.
20.	Michigan estimated tax and extension payments				20.
21.	2019 overpayments credited to 2020				21.

22.2020 AMENDED RETURNS ONLY. Taxpayers completing an original 2020 return should skip to line 23. Enter refund and/or credit forward on the original return as a negative number.

Enter amount paid with original return as a positive number (see instructions)

22.

Credit

23. Total Refundable Credits and Payments. Add lines 18 through 22

23.

PART 4: BALANCE DUE OR REFUND

24.If line 23 is less than line 17 enter TAX DUE.

	Include interest	and penalty	............if applicable	PAY 24.
25.	If line 23 is greater than line 17, enter overpayment			25.
26.	Amount of line 25 to be credited to your 2021 fiduciary return			26.

27. Subtract line 26 from line 25

REFUND 27.

Continue on page 2. This form cannot be processed if page 2 is not completed and included.

2020 MI-1041, Page 2 of 3

Federal Employer Identification Number (FEIN)

SCHEDULE 1: NET MICHIGAN ADJUSTMENT FOR RESIDENT ESTATES OR TRUSTS

Additions
28.	Gross interest and dividends from obligations issued by states other than Michigan
	or their political subdivisions	28.
29.	Taxes imposed on or measured by income deducted on U.S. Form 1041	29.

30. Expenses included in U.S. Form 1041 attributable to income from sources outside of Michigan... 30.

31.Expenses and interest incurred in production of income from U.S. government

	obligations on U.S. Form 1041	31.
32.	Other (Include supporting documentation) Describe:		32.
33.	Total additions. Add lines 28 through 32	33.

Subtractions

34.Income from U.S. government bonds and other obligations to the extent included in

federal taxable income

34.

35.Income attributable to another state.

Explain type and source:_________________________________________________________ 35.

36.	Expenses related to obligations of other states not deducted on U.S. Form 1041		36.
37.	Other (Include supporting documentation) Describe:_________________________________		37.
38.	Total Subtractions. Add lines 34 through 37	38.
39.	Net Michigan Adjustment. Subtract line 38 from line 33. If no distribution to
	beneficiaries, carry this amount to line 10. Otherwise, complete Schedules 2 and 3	39.

EXPLANATION OF CHANGES. If filing an amended return, complete this section.

40.Explain changes to income, deductions and credits. Show computations in detail and include a copy of the amended U.S. Form 1041 and all supporting schedules.

SIGNATURES AND DECLARATIONS

I declare under penalty of perjury that the information in this return and attachments is true and				I declare under penalty of perjury that this return is based on all
complete to the best of my knowledge.				information of which I have any knowledge.

Signature of Fiduciary or Officer Representing Fiduciary			Date	Preparer’s PTIN, FEIN or SSN

	By checking this box, I authorize Treasury to discuss my return with my preparer.			Preparer’s Name (print or type)


This return is due April 15, 2021, or on the 15th day of the fourth month				Preparer’s Signature
				Preparer’s Signature
after the close of the tax year.
WITHOUT PAYMENT: Mail return to:		WITH PAYMENT: Pay amount on		Preparer’s Business Name, Address and Telephone Number
WITHOUT PAYMENT: Mail return to:		WITH PAYMENT: Pay amount on
Michigan Department of Treasury		line 24. Mail check and return to:
P.O. Box 30058		Michigan Department of Treasury
Lansing, MI 48909		Department 781041
		P.O. Box 78000
		Detroit, MI 48278
		Detroit, MI 48278

Make check payable to “State of Michigan” and write the estate’s or trust’s FEIN and “2020 MI-1041” on the front of the check.

Continue on page 3. This form cannot be processed if page 3 is not completed and included.

2020 MI-1041, Page 3 of 3

Federal Employer Identification Number (FEIN)

Instructions: Complete Schedules 2, 3 and 4 as applicable. If additional space is needed, complete the Michigan Fiduciary Income Tax Information Continuation Schedule (Form 5680).

SCHEDULE 2: BENEFICIARY IDENTIFICATION

	A		B	C
Name and Residency Status			Address	Social Security number
	R= Resident		(Number, Street, Apt. #, City, State, ZIP Code)	or FEIN
	NR= Nonresident

Example:	Joseph Smith	R	123 Main Street, Anywhere, MI 12345	111-11-1111

a.

b.

c.

d.

SCHEDULE 3: ALLOCATION OF NET MICHIGAN ADJUSTMENT FOR RESIDENT ESTATES OR TRUSTS

Complete Schedule 3 only if adjustments were entered on Schedule 1.

		A		B		C
	Federal Distributable Net Income			Percentage		Allocation of Net
Beneficiary				of Amount		Michigan Adjustment
Identification	Type of Income	Location		in		(Multiply amount on line
from	Type of Income	Location		Column A		39 by percentage in
	(Dividend, Interest, Rent, etc.)	(City, State)	Amount	Column A		Column B.)
Schedule 2	(Dividend, Interest, Rent, etc.)	(City, State)	Amount			Column B.)

a.					%

b.					%

c.					%

d.					%

					%
41. Fiduciary’s Share
42. Total. Include amounts from Form 5680 (if applicable)				100	%
42. Total. Include amounts from Form 5680 (if applicable)

SCHEDULE 4: CAPITAL GAIN OR (LOSS) DISTRIBUTED TO BENEFICIARIES WHEN FORM MI-1041D IS FILED

Schedule 4 must be completed for resident or nonresident estates and trusts if capital gains/losses were distributed to beneficiaries and a Michigan Adjustments of Capital Gains and Losses (Form MI-1041D) was filed.

Beneficiary	A	B
Identification
from	Federal	Michigan
Schedule 2	Gain or (Loss)	Gain or (Loss)

a.

b.

c.

d.

43. Total. Include
amounts from
Form 5680
(if applicable)

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2020 mi 1041 conclusion process described (step 1)

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